Economists Cut Mexico GDP Forecast

Survey Now Puts Economic Growth at 3% in 2014

By

Anthony Harrup

May 7, 2014 12:45 p.m. ET

MEXICO CITY—Economists polled in April by the Bank of Mexico lowered their estimate for Mexico's economic growth this year to 3% from 3.1% the previous month, a third consecutive reduction in the forecast after a sluggish start to the year.

The central bank survey of 35 economists, published Wednesday, was in line with that of Citigroup unit Banamex, whose most recent survey of banks also showed expectations of 3% growth.